Price varies by location and timing. I live in a small town with one motorcycle dealership. They had 2 new TWs for sale for 2 or 3 years and dropped the price super low (like $3400) to finally get rid of them. I had seen them while looking at other bikes before the TW bug bit me. After deciding that I wanted one I went in and talked to the owner about them. He laughed and said that he tried to sell the TWs for 2 or 3 years, and now 6 months later he said I was the 3rd person in a week wanting one.
About a month later they had one in on consignment that I bought. It was a showroom condition bike with under 400 miles, but about 7 years old. I played just under $3000 out the door and was happy with the deal.
$3850 seems a little high for a bone stock used bike even with low miles, but it might be right on for your area. More importantly, are you willing to miss 2 months of riding season waiting for a better deal.